The Weekly Fix: Traders Poised In Case Jobs Data Revive Bonds
A 'Now Hiring' sign outside a outside a Casey's General Stores Inc. gas station in the U.S., on Monday, Dec. 6, 2021.
Photographer: Luke Sharrett/Bloomberg.
Welcome to the Weekly Fix, the newsletter that counts itself as an optimist. I’m cross-asset reporter Katie Greifeld.
Friday brings the all-important US August employment data, among the last top-tier economic prints before the Federal Reserve’s September gathering. After Jerome Powell’s hawkish performance at Jackson Hole last week, the tired cliche of “good news is bad news” has worked its way back into the lexicon — the idea that a stronger-than-expected number would hit risk assets, given that Fed’s quest to quell inflation.